Swiss Finance & Property Ltd: Successful capital increase of VIGA RE
Swiss Finance & Property Ltd (SFP) and its local partner VIGA RE in Denmark have successfully completed a capital increase, reaching the target of EUR 40 million maximum capital increase. The property portfolio has already demonstrated a value appreciation since the launch of VIGA RE in April 2021. The aim of VIGA RE’s Core+ strategy is to acquire additional residential properties in central locations in Copenhagen over the next few years to drive forward the portfolio growth.
- Maximum target of EUR 40 million capital increase reached
- Next property purchased at Copenhagen’s South Harbour
- Perfect positioning and attractive pipeline
- Swiss Finance & Property Ltd acted as co-arranger and sole placement agent in the transaction
SFP and the Danish investment company VIGA RE ApS (VIGA RE) have carried out a capital increase. The target of raising EUR 20-40 million (DKK 150-300 million) was reached with over EUR 40 million in placed capital. Swiss Finance & Property Ltd acted as co-arranger and placement agent in the transaction. This capital increase helped broaden the investor mix, as it brought in new strategic investors alongside existing ones. VIGA RE’s portfolio has already appreciated since its launch, not least due to compressed market yields and full occupancy of the properties. The portfolio has a Gross Asset Value of EUR 108 million, split between 90% residential and 10% commercial (as per the latest valuation on 30 June 2021).
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Head Corporate Finance & Capital Markets